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CoinDesk - by layer3.news
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2025-02-11 08:11:37
in reply to nevent1q…qg7e

Hedge Funds Are Short Ether CME Futures Like Never Before. Is It Carry Trade or Outright Bearish Bets?


CoinDesk (nprofile…nhef)
✍️ Hedge funds hold record short positions in ether futures trading on the CME, raising questions about their motivations.
👉 Hedge funds hold a net short position of 11,341 contracts in the CME futures
👉 The number has increased 40% in one week and 500% since November
👉 Carry trades or arbitrage plays primarily drive the record short interest
👉 Some short futures trades represent outright bearish bets on the cryptocurrency
👉 ETH options on both the CME and Deribit show a bias for put options expiring in the near-term

#ThomasErdösi #Chicago #UnitedStates #technology
CoinDesk (nprofile…nhef)

The record short interest is led by carry trades and some amount of outright bearish bets on the second-largest cryptocurrency.
https://www.coindesk.com/markets/2025/02/11/hedge-funds-are-short-ether-cme-futures-like-never-before-is-it-carry-trade-or-outright-bearish-bets

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